Galloway Energy Inc. Finalizes Third Gold Exploration Property Acquisitionadmin
Saturday, August 2nd 2008
Galloway Energy Inc. announced that it has finalized the acquisition of the third Fraser Claim in British Columbia. This new claim is in keeping with the company’s objective of defining and acquiring properties that have been underdeveloped or overlooked and are now deemed economical due to significant global increases in both prices and demand for commodities.
The property is strategically located adjacent to the company’s previously announced claims. The acquisition of the properties to date has been based on the encouraging review of historical data and government reports as well as current activity in the direct area and in the Cariboo mining region in general. The Cariboo gold belt in BC has been a prolific producer of gold and Galloway’s properties are in proximity to multiple operating mines and many projects that are in advanced stages.
Galloway Energy Inc. Investor Relations (206) 973-2483